NEON Presale Update
Neonites,
Last week, we began the $NEON presale after around 1 year of ‘stealth’ development. This presale marks an early but pivotal moment in the launch of Neon Link as the next frontier for next-gen video games. And we’ve offered this opportunity to you, the web3 community first — rather than VCs as we don’t want NEON to become a ‘VC coin’.
It is important to note that we activated our online presence in mid-January this year, with 1 month of initial marketing activities. During this time, we have begun to put Neon Link proverbially on the map.
In 5 days since the launch on Wednesday 15 February 5pm UTC, over 8.2m NEON coins have been purchased at the early bird price of $0.06. With over 23 days remaining, over 54% of Stage 1’s allocation has already been purchased. This has raised over $493,800 already, less than $7k away from our soft cap target.
It’s incredible to see the support in such a short space of time and we look forward to delivering what we’re setting out to do, as well as exceeding expectations.
Please note: there are many scammers across Telegram, Discord and Twitter who are trying to take advantage of our growing nation of Neonites. Please ensure you only use official links and interact with our accounts by double-checking URLs and usernames carefully.
How to Buy $NEON in the Presale
Our guide for participating in the presale can be found on Medium. You can click here to be directed to the article.
In summary, the presale is happening on the Ethereum network and the only crypto assets accepted are ETH & USDT.
Here are the 5 simple steps:
- Go to https://presale.neonlink.io/
- Click ‘Connect Wallet’ — we use WalletConnect so once pressed, you can select your self-custodial wallet of Choice (Coinbase, Ledger, Metamask, Trust etc)
- Select your payment method (ETH or USDT)
- Enter the amount of ETH or USDT you wish to spend
- Check the details and confirm the transaction
Please ensure you have sufficient ETH to cover the transaction fee.
You can view your purchased tokens, as well as Claim them on the 15 July by going to our Dashboard.
Here are some of the frequently asked questions from Neonites, which we have collated for you here:
Where can I read more about the project and sale?
Please check out our website and whitepaper if you haven’t already done so.
You can read about the pre-sale itself by clicking here — this article also includes pertinent information about the economics of $NEON (such as use cases, allocation and circulation schedule).
What makes NEON different from other web3 gaming projects?
NEON is not just a token, it is the coin that powers an entire ecosystem of blockchain technologies and, to start with, three distinct web3 games.
This native currency also provides holders with both utility & governance benefits via a single coin rather than a dual token system.
What is the total supply and how many are available for the pre-sale?
The total supply is 1 billion. 270m in total has been allocated to being sold. 55m NEON has been allocated in total for this pre-sale.
The exact allocation of the total supply, including the circulation schedule, is provided in the pre-sale detail article shared above.
What is the price of $NEON in the sale?
The price begins at $0.06 with 15m NEON allocated. Once this sells out, the price changes to $0.07 (20m NEON) and $0.08 (20m NEON).
Who can participate?
Anyone. This presale doesn’t require a whitelist but is on a first-come-first-serve basis.
Where is the sale taking place?
Exclusively on our presale site:
What is the expected market cap of NEON on the listing?
While we cannot reveal what the listing price of NEON will be, or the price action following the listing, we can provide some assumptions to help you estimate what the expected market cap can be at a specific point in time:
Market cap = Circulating supply x Current price
- The circulating supply is expected to increase from ~270m in July 2023 to ~350m by January 2024 — this is the maximum forecasted circulating supply.
- If the price was $0.08 (the price of Stage 3 in the presale), the market cap would only be ~$28m.
The fully diluted valuation would be $80m (total supply x price).
When will I get my NEON? Is there vesting?
There is no vesting where you slowly get your tokens over a few years.
You will receive all the NEON you purchased on 15 July 2023, following the public sale and as we begin our Exchange Listing activities.
What about inflation? What about the team allocation?
We can give all participants their tokens straight away, with no vesting, because we expect the Neon Link ecosystem to flourish with greater utility over the course of this year.
Furthermore, the team allocation cliff is set to a minimum of 3 years — so this creates breathing room from the inflation perspective. Also, we’d rather our community of early adopters have access to their tokens so they can use them in the network as soon as possible — those with short-term views are welcome to sell and create opportunities for others to get involved.
Is the team doxxed? Who are they?
Yes — we are KYC Gold verified with Certik. You can also see our core team on our White Paper. We have also conducted and will conduct Video ‘AMA’ sessions with our team — you can view the one with Gollum Gems by clicking here.
We also recently released Episode 1 of ‘NeonCast’ (name TBC) with several of our team present — you can see this by clicking here.
To confirm, we have around 60 people working across the different products in the Neon Link ecosystem. These team members have extensive experience across web3 and video game development/design. We look forward to introducing many of these team members and continuing to build trust in our ability to deliver.
What is the roadmap for this project?
You can find ‘Our Journey’ on our website and White Paper, outlining the extensive number of events upcoming over the next year, including the Neon Punks Collection Drop and numerous product launches.
When Public Sale?
This will begin in the coming months, between April — June. We will provide more details on this in the near future as we look to introduce Neon Link & the coin that fuels the ecosystem to a much larger audience.
GOT MORE QUESTIONS?
Get ready for an ‘Ask Us Anything’ session later this week! We will share details on this tomorrow and we look forward to seeing you there.
Thank you for reading and your continued support — please make sure to join us on Twitter, Telegram and Discord. You can find the links for these here.
